SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of GameStop Corp. Investors

NEW YORK, June 15, 2024 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors in GameStop Corp. (“GameStop” or the “Company”) (NYSE: GME). Such investors are advised to contact Danielle Peyton at (email protected) or 646-581-9980, extension 7980.

The investigation concerns potential securities Fraud or other unlawful business practices in connection with the trading of GameStop securities.

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At June 3, 2024The Wall Street Journal (“WSJ“) published an article stating that “E*Trade is considering becoming the leading meme stock provider Keith Gill he can no longer use the platform after growing concerned about possible stock manipulation related to his recent purchases of GameStop options, according to people familiar with the matter. The article reported that “Gill bought a large amount of GameStop options on E*Trade shortly before reigniting a meme stock craze in May” and that “Gill posted screenshots of an E*Trade account this week showing he owns GameStop shares, now worth 140 million US dollars and a new set of options expiring later this month. His total profits from the positions were 85.5 million US dollarshe posted late (on 3rd of June), which shows that his account was still active.” WSJ The article stated that “E*Trade and its owner Morgan Stanley” “have concerns that Gill can pump up a stock for his own benefit” and are “discussing whether his actions constitute manipulation.” Finally, the article reported that “the Massachusetts The Securities Division is investigating Gill’s activities” and that “the Securities and Exchange Commission also reviewed GameStop’s call option trading at the time of Gill’s social media posts(.)”

The Pomerantz company with offices in new York, Chicago, Los Angeles, LondonAnd Paris is considered one of the leading law firms in the areas of corporate, securities and antitrust litigation. Founded by the late Abraham L. PomerantzKnown as the dean of class action litigation, the Pomerantz Firm pioneered the field of securities class action litigation. Today, more than 80 years later, the Pomerantz Firm continues the tradition he established and fights for the rights of victims of securities class action litigation. FraudBreach of fiduciary duty and corporate misconduct. The firm has won numerous millions of dollars in damages on behalf of class action plaintiffs. See www.pomerantzlaw.com.

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CONTACT:
Danielle Peyton
Pomerantz LLP
(email protected)
646-581-9980 extension 7980

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